Wednesday, February 24, 2021

Petrodollar in action?

WTI Surges Above $63 Despite Surprise Crude Build, Plunge In Gasoline Demand

Our central bank is in Japan. The ten year rising to offset the dollar plunge. Our FX insurers want us to export more oil and consume less domestically to  cover external debt. But there is a round trip to this process and things get a bit out of sync.

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